In it, they use dynamic programming to create a retirement income strategy for a simplified world with three time periods and two investment outcomes.

This note deals with the manner in which dynamic problems, involving probabilistic constraints, may be tackled using the ideas of Lagrange multipliers and efficient solutions. Both the infinite and ...

Among the principal techniques used in the paper are dynamic programming for both bucking and sawing, and a procedure for calculating the distance between two polyhedral sets in R 2. Computational ...